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MinnEcon Blog

Another blow to Army project key to Minnesota plant

Another blow to Army project key to Minnesota plant

We’ve been keeping tabs on the fate of an Army project crucial to hundreds of jobs at a Fridley plant. The latest news isn’t great. Boeing Co., the main contractor in the development of a new generation of manned ground vehicles for the Army, said Monday it got an official cancellation order from the Pentagon.…
by Paul Tosto

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Churches struggling in this recession?

Worried about having enough cash to pay the bills, a Minnesota pastor told me recently his church negotiated a bank line of credit.It was the first time in 30-plus years of ministry, he said, that his church needed a short term loan. The church hadn’t tapped the credit line yet but might need to by…
by Paul Tosto

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Reasons for optimism in today’s higher MN jobless numbers?

Minnesota’s unemployment rate hit 8.4 percent in June, the highest since April 1983 when it hit 8.5 percent. Most experts expect that number to rise. The largest declines have come in key Minnesota sectors: manufacturing, down 39,600 jobs; professional & business services, down 32,900 jobs over the year. Construction lost 3,900 jobs, wiping out gains…
by Paul Tosto

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Does Minnesota rely too much on the medical device industry?

I read the headline, “From west of the Mississippi, a tinge of envy over Wisconsin’s business climate,” and couldn’t resist the bait. Tom Still, president of the Wisconsin Technology Council, gave an ‘attaboy to his Legislature for supporting tax credits for high-tech companies that helped snag a Minnesota biotech firm. At that same time he…
by Paul Tosto

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Birdwatching’s economic payoff. I will Tweet this!

As an economic report, this seems kind of suspect. But Minnesota’s in the Top 5, so here we go. A new report from the U.S. Fish & Wildlife Service shows: One of every five Americans watches birds, and in doing so, birdwatchers contributed $36 billion to the U.S. economy in 2006, the most recent year…
by Paul Tosto

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The economic argument for closing MN’s achievement gap

The economic argument for closing MN’s achievement gap

The people who you will increasingly depend upon in your old age to pay taxes, keep your Social Security solvent, build Minnesota's economy and maintain its quality of life are the least prepared to take on that future.
by Paul Tosto

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Is the recession growing MN entrepreneurs?

Nothing like a recession to get you thinking about being your own boss. If that sounds odd, we have anecdotal evidence that’s happening now and pretty solid data from that last recession that downturns bring out (force out?) our inner entrepreneur. Crystal Pollard of Richfield was pregnant and looking for baby clothes three years ago…
by Paul Tosto

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Better economy? Minnesota or Wisconsin

There’s a Minnesota-Wisconsin sport that has nothing to do with football. The game, loosely titled, is, Which Economy is Better? It’s played mostly by people in business suits who seem perpetually convinced the other guys are winning. On this side of the border it always seems like someone’s talking about Wisconsin’s great business climate and…
by Paul Tosto

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Twin Cities Realtors see home price slide easing

Twin Cities home prices are still down double digits from last year but data today from Twin Cities Realtors suggest the level of decline is easing. According to the St. Paul Association of Realtors: The median price reported at the end of the first six months (of 2009) was $160,000 compared to $203,000 after the…
by Paul Tosto

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